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History of banking in China : ウィキペディア英語版
History of banking in China
The history of banking in China includes the business of dealing with money and credit transactions in China.
== Early Chinese banks ==

Chinese financial institutions were conducting all major banking functions, including the acceptance of deposits, the making of loans, issuing notes, money exchange, and long-distance remittance of money by the Song Dynasty (960-1279). In 1024, the first paper currency was issued by the state in Sichuan.〔Morton, W. Scott, ''China: Its History and Culture'' (New York: Lippincott, 1980), p. 95.〕 The two major types of indigenous Chinese financial institutions, ''piaohao'' (票號) and ''qianzhuang'' (錢莊), more often cooperated than competed in China's financial market.
Due to the chronic structural weaknesses of traditional Chinese law, Chinese financial institutions focused primarily on commercial banking based on close familial and personal relationships, and their working capital was primarily based on the float from short-term money transfers rather than long-term demand deposits. The modern concepts of consumer banking and fractional reserve banking never developed among traditional Chinese banks and were introduced to China by Western bankers in the 19th century.

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